#TrumpTariffs

The American economic policy witnessed significant transformations during the presidency of former U.S. President Donald Trump, and one of his most notable economic tools was what came to be known as #TrumpTariffs, the tariffs imposed on a number of countries and goods, primarily China. This move was part of the "America First" policy, aimed at protecting American industries, reducing the trade deficit, and forcing trading partners to adjust their policies in favor of Washington.

What tariffs did Trump impose?

Beginning in 2018, the Trump administration imposed tariffs on hundreds of billions of dollars worth of imports, including:

Steel and aluminum: A 25% tariff on steel and a 10% tariff on aluminum imported from several countries.

China: Tariffs on Chinese goods valued at over $360 billion, in response to what was perceived as unfair trading practices and intellectual property theft.

The European Union, Canada, and Mexico: Despite being allies, they were not exempt from tariffs, leading to diplomatic tensions. #Benance #BNB #BTC #SHIB #SAHARA